REIT Segro Accepts £14B Linklaters-Backed Prologis Offer
The board of U.K. REIT Segro said Tuesday it has agreed to a £14 billion ($18.8 billion) share offer from U.S. rival Prologis, with a partial cash alternative, in a deal that will list the enlarged group in London.
Pot Investor Says Partners Diverted $1.1M In Grow Site Funds
Three entrepreneurs face claims they misused $1.1 million in seed money meant to launch a Merced, California, cannabis cultivation facility, according to a lawsuit filed by an investor who says the grow site n... (more story)
Landlords Tout Top-Tier Office Leasing Boom In Q2 Results
Two office landlords recently told investors they are raking in double-digit rent growth and planning new construction, as supply for the best space in elite markets such as New York and San Francisco continues to tighten.
Samsung Unit, Mousterian Ink US Floating Data Center Deal
Shipbuilder Samsung Heavy Industries Co. Ltd. and Mousterian Corp. Inc. have signed an engineering agreement for their first moored U.S. floating data center project, the two companies announced Monday.
Data Centers Spur Nonresidential Spending, Trade Group Says
The number of data centers being built is partially responsible for a 0.1% increase in U.S. nonresidential construction spending in June, the trade group Associated Builders and Contractors, which analyzed U.S... (more story)
NYC Real Estate Week In Review
Sullivan & Cromwell and Tarter Krinsky are among the law firms that steered the largest New York City real estate deals that became public last week, with a pair of nine-figure trades in Manhattan topping the list.
Conn. Atty Says Deal Bars Fidelity's $920K Malpractice Claim
A Connecticut lawyer has sought an early win on Fidelity National Title Insurance Co.'s malpractice case surrounding a $2.5 million mortgage refinancing loan, arguing that a claim over a forged mortgage releas... (more story)