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Firm acquires 75-year ground lease to build, operate R&D facility at Pennovation Works campus.
For its first project there, it will focus on workforce housing.
The all-stock transaction will expand Prologis' footprint in several markets.
It's another 40-year high and no signs yet that price hikes will cool off.
Climbing mortgage rates, coupled with already unaffordable housing will finally crack housing demand.
But there are some clouds on the horizon.
May numbers indicate high growth, especially in Austin, Cincinnati, Seattle, and Nashville.
These trends were in place before COVID-19 gave people reason to reconsider their lifestyles.
Cash management is a capability often honored in the breach rather than the practice.
JLL leads public-private partnership developing 179 acres tied to rail/air transit improvements.