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The New York City-based global investment firm says it will begin operating as a corporation effective July 1. The firm also reported its first quarter financial results that indicated Blackstone's assets under management now exceeds $512 billion, up 14% year over year.

Initial plans for the property in northern Baltimore County include further redevelopment of the former two-story Sears building and auto center located behind Wegmans.

Summit reports that the six hotels traded will produce a net gain of $36.6 million. The six hotels in the markets of Minneapolis-St. Paul, Boston, Santa Barbara (CA), Dallas and Salt Lake City totaled 815 rooms.

InvestReal enables investors and developers to connect, research locations and validate projects in one place.

The Treasury Department clarified that leasing can meet the act of conduct requirement of a business.

Atlanta saw 8.2 megawatts of net absorption in 2018. The city currently has a data center inventory of 126.8 megawatts, with 14 megawatts available that calculates out to an 11% vacancy rate.

For multifamily developers, the addition of short-term rentals gives them the ability to incorporate an entirely new tenant into their planning and modeling, mitigating risks associated with vacancy.

First Republic Bank is opening two branches at 460 W. 34th St. in space commanding top dollar asking rents.