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NEW YORK CITY—Blackstone, which formed IndCor in 2010, reportedly was preparing for an IPO on the industrial operator, its fifth in commercial real estate since October 2013.
SEATTLE— Lowe Enterprises and Alecta have begun construction on Luma, a 24-story residential tower that will be the first new high rise condominium tower in First Hill in more than 30 years.
DENVER—Speakers at Development '14's industrial panel here earlier this week said the sector keeps getting stronger; it's good to be a seller of industrial real estate these days.
EDISON, NJ—Mitchell E. Hersh, president and chief executive officer of Mack-Cali, will step down from that position at the company's annual meeting in May 2015 and will not stand for reelection to the Mack-Cali board of directors, the company announced today. He became CEO in 1999 and president in 2004.