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Nokia's investment is part of its broader strategy to quickly advance the company's AI capabilities.
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Ares is launching a new logistics real estate brand after acquiring GLP Capital Partners' international business, excluding China, in March.
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Durcon has broken ground on an expansion for its longtime facility in Taylor, Texas, outside of Austin.
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The property saw its valuation slashed from $200M after Simon Property Group gave it up to its lender in 2021.
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The development is coming at a time when industrial vacancies in the Austin area are at a two-decade high.
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A boom in aerospace demand is creating new demand for factory construction and second-order real estate development.
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The transaction is Mapletree's fourth U.S. warehouse portfolio sale in the past year.
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The facility, being built for a mystery user, could expand up to 980K SF.
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Shareholder Sieve Capital is calling for the company to look into all strategic measures available to boost shareholder value and become a profitable REIT.
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Amazon will lease the 615K SF warehouse for 10 years.
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