The companies are in discussions regarding a transaction that values Blair at $1 billion or more. The transaction hasn’t been finalized, and talks could still fall apart.
Ortega family investment company Pontegadea bought five logistics centers in the US states of Tennessee, South Carolina, Virginia, Pennsylvania and Texas from Realty Income Corp. for about $722 million.
California’s extreme heat is threatening operations at its data centers, reports CNN Business. Traffic in U.S. downtowns rose in August, according to Chain Store Age. These are among today’s must reads from around the commercial real estate industry.
The pandemic supercharged home sales, but aggressive rate hikes by the Federal Reserve have caused the business to sputter and led to job cuts across the industry.
The Russia-Ukraine War has taken a toll on the European data center industry, reports Bisnow. Climate change could threaten $34 billion in coastal U.S. real estate, according to a new study. These are among today’s must reads from around the...
Murphy also said he is confident New Jersey won’t have to put more taxpayer money into the American Dream megamall project in order for it to survive. “I’m confident to say that I think this thing is turning the corner,” Murphy said.
Climate change might worsen supply chain issues in the future, warns The New York Times. The Real Deal takes a close look at Prologis CEO Hamid Moghadam. These are among today’s must reads from around the commercial real estate industry.
