Office

Flex Workspace+ is the Irvine Co.'s answer to turnkey, fully furnished workspaces with lease terms starting at 6 months.

Iron Point buys a 102,000-square-foot office property with plans to occupy a portion of the property.

Lane Co-founder Kofi Gyekye said, "It's very important to build a central platform," to foster community because the market now demands it.

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.