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WeWork adds locations in Denver, Tampa, Fla.; Madison Marquette buying Roseview

Commercial real estate

* WeWork Cos. Inc. signed separate leases for its 11th and second office locations in Denver and Tampa, Fla., respectively. The Denver Business Journal said the coworking giant confirmed signing a lease for the entire Junction23 warehouse, spanning more than 86,000 square feet in Denver's River North Art District. Recently converted to offer creative office space, the property will house 2,000 desks when it opens in the fourth quarter of 2019.

In Tampa, WeWork agreed to occupy 60,000 square feet in a 20-story tower at 501 E. Kennedy Blvd., which will be renamed WeWork Place, the Tampa Bay Business Journal reported, citing the company. The location, encompassing three floors, is scheduled to open in 2019.

* Washington, D.C.-based real estate owner, investor and developer Madison Marquette Inc. agreed to acquire property investment and advisory firm Roseview Group LLC for an undisclosed amount. Roseview CEO Vince Costantini will lead the combined company, according to a release. The merger is expected to close within 45 days, subject to regulatory review.

* Airbnb Inc. captured a greater share of the U.S. consumer lodging market in 2018 than Hilton Worldwide Holdings Inc. and its subsidiaries, recode reported, citing data from Second Measure Inc., which analyzes anonymized debit and credit card purchases. The amount that U.S. consumers spend on Airbnb grew roughly 30%, coming close to Marriott International Inc., the world's largest hotel company, in 2018.

The country's hotel industry generates over $200 billion in annual revenue, according to the report, which added that Airbnb accounted for about 20% of all consumer lodging spending last year, while its home-sharing competitor HomeAway Inc. made up for 11%. Set to go public in 2019, the about $38 billion company has travelers from the central U.S. to thank for much of its growth.

* Beacon Capital Partners LLC agreed to lease 125,000 square feet of office space at its 800 N. Brand property in Glendale, Calif., to ServiceTitan Inc. The residential service software provider is expected to open its new location later in 2019.

* Colony Industrial, a unit of real estate investment trust Colony Capital Inc., added 694,962 square feet to its portfolio with two separate deals that closed in January. The company acquired a 100%-let warehouse building at 100 Performance Drive in Mahwah, N.J., as well as the Northern Beltway Portfolio at 5402 and 5406 E. El Campo Grande Ave. in Las Vegas.

The Las Vegas portfolio comprises two class A light industrial buildings that are 92% leased to four tenants, including General Electric Co., U.S. Department of Veterans Affairs and Bed Bath & Beyond Inc.

* VanTrust Real Estate LLC will develop a roughly 300,000-square-foot distribution center on 20 acres in Daytona Beach, Fla., for Amazon.com Inc., the Orlando Business Journal reported, citing unnamed sources. VanTrust plans to break ground on the industrial warehouse/distribution project in the first half of 2019.

* Homebuilder Noah Properties scored an $87 million mortgage from LoanCorp Capital on a vacant block between 1334 and 1370 W. Walton St. in Noble Square, Chicago, where it plans to build eight separate six-unit condo buildings, The Real Deal reported.

After the bell

* Lexington Realty Trust appointed Executive Vice President Beth Boulerice as CFO and treasurer.

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Hang Seng rose 0.15% to 28,566.91, while the Nikkei 225 gained 2.15% to 21,428.39.

In Europe, around midday, the FTSE 100 climbed 0.24% to 7,194.64, and the Euronext 100 lifted 0.68% to 1,030.09.

On the macro front

The housing starts report, the Redbook Index for retail sales, the S&P Corelogic Case-Shiller home price index, the Federal Housing Finance Agency house price index, the consumer confidence report and the Federal Reserve Bank of Richmond's manufacturing index are due out today.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

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Achieving scale more enticing than continuing alone, TIER REIT CEO says: On a conference call, executives declined to comment on the circumstances of the companies' planned combination, but touted the deal's benefits at the level of scale and Sun Belt market share.

REIT Replay: REIT stocks up during week of March 22, while broader market falls: The self-storage, retail and healthcare sectors were among the top-performing REIT property types for the week, while the hotel sector was the sole property type to underperform the S&P 500 for the week.

Reven Housing REIT seeks an institutional investor in strategic review, CEO says: In an interview, the company's chairman and CEO said Reven's leaders would prefer not to sell the company and ideally would like a strategic investment from a large partner.

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