Globest Sectors

There are also reports that the retailer is planning to file for bankruptcy.

The firm has purchased the 211,450-square-foot, Hartford Building in Arlington, VA in an all-cash offer.

Spirit Airlines plans to build a $250 million, 500,000-square foot corporate campus at the REIT's Dania Pointe mixed use project.

After renovating the units, the seller was able to grow rents over its three-year hold period.

Madison International Realty, a real estate private equity firm, has closed on the recapitalization of a $275M multifamily portfolio in New York. The deal includes Urban American, an apartment operator who will continue to manage the 15 properties.

Asking rents in Philadelphia's core contracted over the quarter, but were still higher from earlier in the year, according to the Savills report.

"So often, the industry wants to reduce building efficiencies and electrical efficiencies but the building's carbon footprint is rarely considered."

The new hires will be led by Newmark Knight Frank senior managing director and NKF V&A market leader for Illinois, Kansas and Missouri, John Mackris, MAI, MRICS, CCIM.