Big-box leasing drives NJ Industrial in 2017 Qtr1

New Jersey has all the fun.
http://www.globest.com/sites/stevelubetkin/2017/04/07/big-box-leasing-drives-nj-industrial-in-1q2017-financial-and-pharma-active-in-office-sector/?kw=Big-box%20Leasing%20Drives%20NJ%20Industrial%20in%201Q2017%3B%20Financial%20and%20Pharma%20Active%20in%20Office%20Sector&et=editorial&bu=REM&cn=20170407&src=EMC-Email&pt=New Jersey on

Comments

Post a Comment

Popular posts from this blog

Fed Grows More Optimistic Over Economic Recovery

  March 17, 2021 | 6:08 P.M The Federal Reserve plans to keep the target range for its short-term policy rate between 0% to 0.25% until labor market conditions improve to levels consistent with maximum employment and until inflation is on track to exceed 2% for some time. The statement Wednesday came at the end of its two-day March monetary policy meeting during which the Fed said it would also continue to buy at least $80 billion in Treasury securities and $40 billion in agency mortgage-backed securities to support the flow of credit to U.S. businesses and consumers. https://product.costar.com/home/news/shared/629226522?utm_source=newsletter&utm_medium=email&utm_campaign=personalized&utm_content=p4  
Read more

Blackstone to Buy WPT Industrial for $3.1B

  Blackstone is digging deeper into the industrial asset class with a newly-announced agreement that its REIT will acquire WPT Industrial REIT of Toronto for $3.1 billion.  WPT acquires, develops, manages and owns distribution and logistics properties located in the US. Its portfolio includes 109 properties across 19 US states. Blackstone to Buy WPT Industrial for $3.1B | GlobeSt “Logistics remains one of our highest conviction themes as the sector continues to benefit from strong tailwinds driven by e-commerce,” said David Levine, senior managing director at Blackstone in prepared remarks. “We look forward to expanding our logistics presence across key U.S. markets with the acquisition of this high-quality portfolio that WPT has built.” The transaction price of US$22.00 per unit represents a 17.1% premium to the closing price of the units on the Toronto stock exchange on August 6, 2021, and a 19.5% premium to WPT’s 30-day volume-weighted average unit price on the Toronto stoc...
Read more