Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
Trez Capital and Hines recently acquired a four-building 235,400-square-foot self-storage facility, at double the size of most storage facilities and representing the first self-storage property for the partnership.
Fire crews from CalFire/Sonoma-Lake-Napa Unit battle the large Kincade fire in Sonoma County that continued to be stoked by strong winds, although favorable weather conditions will enhance firefighting efforts today.
Altenau will lead the firm's Debt Capital Markets platform for Chicago and the Midwest. Yarnoff will partner with Altenau in growing the company's business and execution of large, highly complex structured real estate financings as well as middle market financings across all asset types and service lines.
The board also authorized $2.05 billion to develop a new AirTrain Newark to serve Newark Liberty International Airport. The new AirTrain would replace the existing three-mile monorail system that opened in 1996.
As part of the transaction Prologis plans to sell $3.5 billion of assets including $2.8 billion of non-strategic logistics properties and $700 million of office properties.