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CEO Mark Hoplamazian and Chairman of the Board Tom Pritzker are forgoing 100% of their salaries, and Hyatt's senior leadership team is taking a salary cut of 50% through the end of May.
The deal brings the 120,000-square-foot industrial building in Bergen County to full occupancy, according to commercial brokerage firm NAI James E. Hanson.
The sale comes as a result of the company's recent relocation to a nearby shopping center at 300 White Horse Road in Voorhees, NJ, also facilitated by Vantage RES.
Longfellow Real Estate has named Northern California real estate veteran Evan Schwimmer as managing director of Bay Area operations to oversee the expansion of its portfolio in this active science and innovation cluster.
Areas of CRE have been more directly affected, and Placer.ai dove into the data in Washington State to determine to what degree retail is being impacted by more heightened tensions.
An affiliate of Public Storage has purchased a portfolio of three Class-A self-storage properties with a total of 3,596 units in the greater New York City and Boston areas. Jones Lang LaSalle arranged the transaction.
A dip in property values may drive away capital allocators as the future remains unclear, Aaron Appel, senior managing director at Walker Dunlop in New York, tells GlobeSt.com.
Real estate investment firms The Kaufman Organization and AXA Investment Managers have planted the flag in Midtown South, deploying $200 million in acquisitions, which include two office properties.