Globest Sectors

As millennials flock to live and play in Brooklyn and Long Island City, Queens, work space is also driving leasing activity, according to CBRE's latest office market reports.

HonorHealth nears completion of its sixth Valley hospital in north Phoenix as the market continues to thrive.

The project's development agreement must still be approved by the San Francisco board of supervisors and signed by the mayor, a process which could be complete as early as October of this year.

The company will own a total of 12 UK hospital facilities upon the transaction, which is expected to close in the third quarter of 2019.

The management company's first OZ fund— Opportunity Zone Fund I—has a target to raise $10 million from inventors and is set to launch in late 2019. The firm hopes to secure its first acquisition in January 2020.

In the turbulent bricks and mortar retail sector, PREIT has replaced 13 department stores in three years in a core portfolio of 18 properties.

Mallory & Evans and Ozone Capital will build and invest in an Opportunity Zone, which will likely stimulate the local economy.

With the merger deal, Westward360, which provides real estate management services for rental property owners and community associations, will now be known as W360 and will employ more than 200 employees in Chicago.