News/Events
Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift
Along with its Q2 earnings, Equinix dramatically increased its outlook for both revenue and capex, potentially more than doubling its development spending.
Sponsored Content: Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI
Walker & Dunlop's Ivy Zelman hosted a panel on the demographic changes altering housing demand, the impacts of AI, and the state of multifamily.
KKR-Affiliated Data Center Developer CyrusOne Names New CEO
New CEO John Hatem was previously the president of CyrusOne.
Blackstone Sells $1B Industrial Portfolio To Atlanta-Based Investor
The purchase adds nearly 6M SF of industrial space to Stonemont's portfolio.
JLL Nearly Doubles Profits, Fueled By Leasing Rebound
The brokerage outperformed peers, with net income up 92% and adjusted earnings per share leaping 59% year-over-year as it rides a wave of tenant demand.
Miami's Condo Craze Has Developers Spending Millions On Sales Galleries
Developers are finding that their sales galleries are increasingly valuable in the race for luxury condo development.
America's War Machine Is Growing, Sparking A Defense Real Estate Boom
The Trump administration was pushing the U.S. to be on a permanent wartime footing before any bombs fell in Iran, supercharging demand to replenish stockpiles.
Snapchat Parent Company Subleases 199K SF from Verizon at Penn 2
Snap, the technology firm behind Snapchat, is taking over Verizon’s three-floor office lease in Manhattan’s Penn District. The 198,983-square-foot sublease spans the eighth through and 10th floors of Vornado Realty Trust’s 2 Pennsylvania Plaza, known as Penn 2, according to sources familiar with the transaction. The long-term deal, struck at a premium to Verizon’s own…
Fashion House Veronica Beard Expands HQ to 60K SF at 26 West 17th Street
Apparel retail brand Veronica Beard has expanded its office headquarters to approximately 60,000 square feet at the Winter Organization’s 26 West 17th Street in Midtown South, according to landlord broker CBRE. The company, which has been in the building since about 2013, signed the new deal to renew its existing space at the building and…
