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Discount Retailers Are Taking Big Space in California's Inland Empire
Upland Village Center Building leased by Ross. Many of the largest retail leases executed since the start of 2018 involve discount stores in the Inland Empire of California, extending a nationwide trend. Bob’s Discount Furniture, which has been expanding...

WeWork Expands Again in Chicago, Adds 185,000 SF in North Michigan Avenue Area
Pictured: 515 N. State, where WeWork has agreed to fill five floors.WeWork, already the dominant player in downtown Chicago’s co-working environment, is branching out into the North Michigan Avenue submarket, adding another 185,000 square feet to its...

New Jersey's Empty Office Park Glut Eases With Merck Headquarters Sale
The former Merck headquarters complex is a hexagon-shaped structure containing roughly 1.24 million square feet, located on an 1,100-acre campus in Hunterdon County. New Jersey will soon have one less giant, empty suburban office park. Unicom Corp...

Seattle's South Lake Union Area Hosts $338.5 Million Sale, Puget Sound's Biggest in 2018
Tommy Bahama's headquarters building sold for a 2018 record price of $338.5 million for the Puget Sound region. Seattle's South Lake Union neighborhood sealed its reputation as the region's most desirable commercial real estate location with the sale...

Miami City Leaders Postpone Decision on David Beckham Soccer Stadium
Rendering of the privately funded $1 billion development called Miami Freedom Park proposed by David Beckham and Jorge Mas at Melreese Country Club near Miami International Airport. English soccer star David Beckham will have to wait six more days to...

Hancock Center, a Chicago Skyline Icon, May Have a New Owner
Sterling Bay, the developer that bought Prudential Plaza in Chicago earlier this year, is making another major move into downtown commercial real estate with the purchase of the trophy tower that used to be called the John Hancock Center, according to...

Brick-And-Mortar Retailers Rush to Open More Fulfillment Centers As They Strive to Keep Pace in a Changing Landscape
In Seattle, Prologis Georgetown Crossroads is moving to open this fall in a neighborhood just minutes from downtown. Sam’s Club plans to spend the coming months converting closed stores into distribution centers to fill online shopping orders, joining...

Potential Hotel Wage Hike in Anaheim, Calif., Leads Disney to Mull Other Development Options
Wincome Group recently began construction on a $250 million Westin resort near Disneyland but has placed a second luxury project on hold as it awaits the results of Anaheim’s ballot measure Hotel operators including Disneyland are not in a happy place...

Thor Equities Refinances Chicago's Landmark Palmer House Hotel for $427.2 Million
The Palmer House Hotel in downtown Chicago. Thor Equities is tapping into rising property values again, refinancing $427.2 million in mortgages on Chicago's landmark Palmer House Hotel as the downtown of the third-largest U.S. city is buoyed by new hotel...

Executive Transition at Colliers as US Brokerage President Martin Pupil Departs Firm
After 14 years, Martin Pupil has left Colliers International to take a principal position at an undisclosed regional real estate firm. Martin Pupil has left Colliers International after helping lead the company through rapid expansion and change...

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