CoStar News

Industrial giant Prologis has sold two warehouses near #Chicago for $106.5 million combined, marking two of the largest single-property sales in the area this year amid a slowdown in sale volume.

Stay updated on the latest hirings and promotions in the #CRE industry, ?? Shadia Jaraysi has joined Bull Realty’s team of commercial real estate brokers as vice president of its retail group. ?? Bell Partners Inc said it promoted Bruce Klaber to senior vice president of asset management. ?? Miriam Rhein, Commercial Real Estate Broker joined JLL in its Detroit office as senior vice president to lead brokerage and portfolio management efforts in the healthcare sector. Read more here: https://bit.ly/3U0FqkN

There are few topics that the Democrat and Republican presidential campaigns agree on. But of the many differing policy proposals in their platforms, there’s at least one similarity: freeing up limited portions of federally owned lands for new construction.

Freddie Mac's Apartment Investment Market Index has grown on a yearly basis in four straight quarters for the first time since 2021 as investors expect more certainty in interest rates and construction. Read more here: https://bit.ly/3ZJYl7j

Global private equity real estate firm Taurus Investment Holdings, LLC has acquired a 19-property portfolio in Arizona and Texas, bolstering its holdings in three prominent industrial hubs in the southwest United States.

With more than 1,500 guests expected, the CRE.Converge event, “could see record attendance,” said NAIOP CEO Marc Selvitelli, CAE, close to what the trade group had two years earlier at its annual gathering in Chicago. “This conference is really focusing on the experience economy,” said Selvitelli, referring to an industry term that describes providing memorable hands-on experiences to consumers. Learn more about what to expect at the event below.

Former singer-songwriter Cynthia Blanchard, who bought Frank Lloyd Wright's Price Tower for $250, is now struggling to auction off the 19-story building in Bartlesville, Oklahoma, after redevelopment efforts failed.

Big Lots has increased its planned store closures to roughly 450 locations, with additional liquidations expected from Conn's HomePlus and Badcock Home Furniture & More, which will add over 27 million square feet of retail space to the market.

The Los Angeles Planning Commission is proposing to construct 255,000 residences, mostly in multifamily buildings in areas zoned for apartments and other commercial uses rather than single-family neighborhoods.

Flow, former WeWork CEO Adam Neumann’s company, is launching sales for its first condominium project in downtown #Miami. The 40-story tower will offer 466 units, including studios and one-bedrooms, priced between $450,000 and $600,000.