Commercial

U.K.-based GSK aims to utilize the earmarked $30 billion U.S. manufacturing and R&D investment to position America as its first globally ranked country for studies, sites and clinical trials. Image courtesy of GSK GSK will commit $1.2 billion to support…

JLL Income Property Trust has acquired the West Raleigh Distribution Center, an industrial park in Apex, N.C, for about $190 million. Beacon Partners was the seller of the five-building property, according to Yardi Research Data. The West Raleigh Distribution Center…

The buyer will rebrand the outlet center as Tanger Kansas City at Legends. Image courtesy of Tanger Tanger has acquired Legends Outlets, an approximately 690,000-square-foot open-air outlet center in Kansas City, Kan., for about $130 million. Walton Street Capital previously…

The collection includes flex industrial facilities, such as 290 Vanderbilt Ave. in Norwood, Mass. Image courtesy of Yardi Research Data ACORE Capital has provided a $105 million financing package for The Seyon Group, according to Yardi Research Data and public…

An affiliate of Equus Capital Partners acquired a six-building industrial portfolio totaling 576,852 square feet in Upper Marlboro, Md., from Mapletree Investments for $102.6 million. The purchase was made on behalf of a value-add fund sponsored by Equus, a Newtown…

Developed by The Chiofaro Co. and designed by Philip Johnson, International Park Place is nearing the end of its $100 million renovation project. Image courtesy of The Chiofaro Co. In one of the most significant office leasing deals of the…

Keenan will step into her role as Global Head of Core+ immediately. Image courtesy of Blackstone Blackstone has named Katie Keenan as CEO of Blackstone Real Estate Income Trust, as well as global head of the Core+ business, the company…

Completed in 1987, the three-story building went through cosmetic renovations in 2017. Image by Lawrence Anderson, courtesy of Tishman Speyer In one of the largest deals in the city so far this year, Tishman Speyer has sold Maple Plaza, a…

Rithm Capital Corp., a New York-based global alternative asset manager, believes the U.S. office market has bottomed out and plans to spend $1.6 billion to acquire office REIT Paramount Group and its portfolio of Class A office buildings in New…

Welcome back to Sustainability Street, our podcast on the intersection of commercial real estate and the world we live in. My guest for this episode is Marta Schantz, director of sustainability for AvalonBay Communities. During her time at ULI, Schantz…