Globest Sectors

Despite slow summer months, the Port of Long Beach is expecting a record breaking year, with November numbers up 1.5%.

The Highlands property was purchased with a 97% leased rate, but that percentage is expected to fall shortly to approximately 70% due to pending lease expirations, Equus Partners reports.

A Global Infrastructure Partners consortium acquired its stake in Gatwick Airport in 2009 for GBP 1.51 billion ($2.5 billion). GIP will manage the remaining 49.99% interest in the airport once the deal with VINCI Airports is finalized.

1501 K St., NW was reportedly sold to an individual firm backed by a high net-worth investor.

MRP Industrial plans to construct the single-story building on a site that formerly contained a Class B, 244,000-square-foot block and metal warehouse, which collapsed from structural failure after a heavy snow storm in 2016.

Boston Properties reports that the Millennium Management lease brings the 1.6-million-square-foot office tower to 93% leased.

The Kiser Group brokered the 250-unit condo deconversion in River North for $38 million.

"Adding Harrah's Philadelphia to our growing portfolio of best in-class gaming real estate strengthens our presence in the attractive Mid-Atlantic gaming market," says Edward Pitoniak, chief executive officer of VICI Properties.