Globest Sectors

DENVER-Locally based ProLogis will spend the money to develop two new buildings totaling 1.2 million sf in Pennsylvania and Illinois that the automaker will lease long-term.

WHITTIER, CA-Revere Investments of Cerritos sells its Whittier Pines Apartments at 12512 Penn St. in Whittier's Uptown District.

AGOURA HILLS, CA-The multifamily specialist sets a goal of investing $30 million in the first year and $50 million in the second year through the new division.

STAMFORD, CT-The firm signs five new lease deals at its 1.8-million-sf office portfolio here totaling approximately 18,000 sf.

MEDFORD, MA-The 105,000-sf building is in an area expecting to see continued leasing activity from migrating tenants.

ATLANTIC CITY-It has been in the works for over two years, and the 3,000-key property will take close to four years to complete, company officials say.

WASHINGTON, DC-The number of new, alternative options in the DC housing market is blunting the usually strong demand for class B apartments.

GOPPINGEN, GERMANY-The agreement is struck with an established middle-market company and similar deals are anticipated.