CoStar

A joint venture of Blackstone Real Estate, MW Group and DivcoWest plans to take Hawaii landlord giant Alexander & Baldwin private.

News | Blackstone to take Hawaii landlord Alexander & Baldwin private in $2.3 billion deal Purchase includes state's largest grocery-anchored retail portfolio

Streaming giant Netflix has closed on a site at a former U.S. Army base in New Jersey where it plans to build a roughly $1 billion studio complex, paying $55 million for the land.

News | Netflix finalizes purchase of New Jersey studio site Streaming service’s $1 billion Fort Monmouth project to move forward

Stay up-to-date on the latest hirings and promotions in the commercial real estate industry.

▪️ CBRE promoted John Parrett to vice chair, the highest rank for producers at the world's largest commercial real estate service firm.

▪️ Newmark announced the hiring of Peter Trollope as its global head of occupier solutions.

▪️ Seaport Entertainment Group, an owner and operator of entertainment, retail, restaurant and hospitality properties, appointed Lenah Elaiwat as executive vice president, chief financial officer and treasurer.

https://bit.ly/4aL4plg

News | CBRE promotes finance broker; Newmark names global occupier services chief; Seaport appoints CFO New hires, promotions and other personnel changes

The first major overhaul of the Rent Stabilization Ordinance in more than 40 years takes effect Feb. 1, trimming the annual cap on the size of rent increases on renewals in regulated units.

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