Globest Sectors

The South Florida-based brokers closed the $12.35 million sale of the Northpoint Business Plaza.

Under the terms of a Memorandum of Understanding, Welltower and Jefferson would create a joint venture whereby Welltower would acquire a stake in certain real estate assets of Jefferson.

"When properties are trading at such low cap rates owners need to be right about their assumptions."

JLL states in its year-end 2019 report on the Chicago industrial market that after some nervousness earlier in the year, large occupiers returned to the market.

The 2020 Qualified Opportunity Fund takes advantage of the strong pipeline of projects Grubb has.

The shopping center, which is anchored by grocer Stop & Shop, is located on 14.4 acres at 1600 Perrineville Road.

In his second State of the State address, Murphy said he is not giving up on enacting a "Millionaire's Tax" to ease the property tax burden on the state's middle-class and seniors and to help fund the state's public school system.

The life science real estate firm starts the year with eight officer promotions in San Diego and Cambridge.