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The portfolio includes 38 buildings in the Chicago's submarkets of O'Hare, Lake County and Elgin. With its latest purchase, Westmount now has a portfolio of more than 6.3 million square feet of industrial space in Chicagoland.
"It was not the intent of Congress for this tax incentive to be used to enrich political supporters or personal friends of senior administration officials, as recent reports indicate."
Real estate operators and insurers are trying to keep pace with the evolving cannabis industry and corresponding jargon crucial to operating their businesses.
Transwestern reports that average asking rents for industrial space in New Jersey rose to $8.59-per-square-foot, marking the largest quarterly increase since the fourth quarter of 2018.
The Houston Q3 market showed plateauing office concessions, a record year of industrial deliveries, retail dominated by medical office facilities and multifamily exhibiting strong fundamentals, says a JLL report.