Prologis, a multinational and logistics real estate investment trust, has acquired 24 Woodward Ave., an industrial warehouse in the Queens submarket

Hales as president of the student living division will drive investment, development and operational strategy for the $4.7-billion division.

"The successful launch of this new industry is a historic development for our state that will benefit the very communities that have been disproportionately impacted by the failed war on drugs," says Toi Hutchinson, senior advisor to Governor J.B. Pritzker for Cannabis Control.

In 2019, mid- and low-rise office product led office leasing activity by a ratio of six to one compared to high-rise properties.