CHICAGO-The law firm is the latest in a number of tenants renewing or claiming space while rents are still low – and expected to start going up soon, as vacancy dropped downtown in Q1.
BERLIN-The sale of about 15 logistics properties in six German cities is part of San Francisco-based Prologis’ divestment of $605 million in property here and in Poland and the UK.
CLEVELAND-The real estate operating company reports a $105.4 million expected loss in the fourth quarter, but says it will concentrate on core CRE markets and properties through 2016.
FRANKFURT-The European Commission and Germany have agreed to allow Commerzbank to gradually drop its commercial real estate business as an altered condition of its $24B bailout.
MINNEAPOLIS-After reporting a $1.7 billion net loss for Q4 (impacted by various charges), the firm is looking to cut store space and about 400 employee positions.