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Altenau will lead the firm's Debt Capital Markets platform for Chicago and the Midwest. Yarnoff will partner with Altenau in growing the company's business and execution of large, highly complex structured real estate financings as well as middle market financings across all asset types and service lines.
The board also authorized $2.05 billion to develop a new AirTrain Newark to serve Newark Liberty International Airport. The new AirTrain would replace the existing three-mile monorail system that opened in 1996.
As part of the transaction Prologis plans to sell $3.5 billion of assets including $2.8 billion of non-strategic logistics properties and $700 million of office properties.
The approval process for the 19-story LEED Gold office tower, 200 Park, was streamlined due to the city's adoption of the downtown plan which allows conforming projects to be approved at a director's hearing.
Kevin Morgan will lead the region's operations and business strategy with a focus on client service as well as developing, recruiting and retaining top professionals, GlobeSt.com learns in this EXCLUSIVE.
The 67,219-square-foot four-story office building at 1717 Newtown Langhorne Road was acquired by a locally-based operator of quick-serve restaurants, which will relocate its corporate headquarters and occupy approximately 13,000 square feet of office space at the property.