Commercial real estate
* E-commerce giant Amazon.com Inc. plans to develop a 4.5-story, 3.8 million-square-foot logistics/distribution center on about 94 acres in Pflugerville, Texas, the Austin (Texas) Business Journal reported, citing a source with direct knowledge of the deal. The project, named Project Charm, at 2000 E. Pecan St. will have 43,000 square feet of office space, 780,552 square feet of warehouse space and 3 million square feet designated for robotics on mezzanine level, in addition to 1,706 parking spaces, the report noted, citing public filings that did not refer to Amazon by name.
* Nine large assets traded in the week of Dec. 16 for a total of $842.7 million in the Puget Sound, Wash., area, the Puget Sound Business Journal reported. The deals included Vanbarton Group LLC's $210 million buy of the 265-unit Danforth luxury project with a Whole Foods Market at 1001 Broadway from Columbia Pacific Advisors LLC; Kennedy-Wilson Holdings Inc.'s $119.2 million sale of the 383-unit Tivalli apartment property in Lynnwood to MG Properties Group; ConAm Group's $90 million sale of 401-unit Avery at the Reserve apartment property at 125 SW Campus Drive in Federal Way; and Equity Residential's purchased of two-building, 217-unit Lane Apartments property in Northgate for $85 million.
The week also included the sale of the 265,000-square-foot North Auburn Logistics Center developed by partners LaSalle Investment Management Inc. and Panattoni.
* The Related Group is planning to build 120 affordable and workforce housing units in an eight-story tower that would total 95,442 square feet in Miami, the South Florida Business Journal reported. The developer filed an application via its affiliate Brisas Del Este Phase Two LLC for the 7-acre site at 2920 N.W. 18th Ave. called Round Towers.
* Alta Developers secured a $127.5 million loan from an affiliate of Mack Real Estate Group for two new apartment complexes in Fort Lauderdale, Fla., The Real Deal reported. The projects include a 12-story, 206-unit apartment building at 421 NE Sixth St., and its second phase totaling 12 stories with 271 units at 623 NE 5th Ave.
* Tucker Development Corp. and Related Midwest are planning a 300-unit, 43-story apartment tower that will include rental and affordable units in Chicago's Fulton Market, The Real Deal reported. The project includes the $215 million rental project at 906 W. Randolph St., which includes 60 affordable units. The project was approved by the Planning Commission.
* Apartment-hotel brand Domio Inc. raised $100 million of equity and debt from investors including SoftBank Corp., GGV Capital, and Tenaya Capital Inc., The Real Deal reported.
* Dallas-based Mohr Capital made its first acquisition in Texas with the purchase of five buildings comprising 404,800 square feet of office and industrial space at the MetCenter business park in Southeast Austin, for $100 million, the Austin Business Journal reported. Zydeco Development sold Building 3, leased to Amazon and Uber Technologies Inc.'s self-driving division, and buildings 12 through 15, Mohr Capital's Boyd Messmann told the publication.
* BIP Energy, an entity related to BIP Energy's Peter Wiechecki, purchased the 224-unit Encore Evans Station luxury apartment complex in Overland neighborhood of Denver for $70 million, the Denver Business Journal reported, citing public records. The property at 1805 S. Bannock St. was built by Encore Multi-Family LLC in 2017, the publication noted.
* Sales of single family homes and condominiums continued to decline across Chicago and its nine-county metro area in November, The Real Deal reported, citing state industry group Illinois Realtors. The sales declined to 1,659 homes sold in November, a 10.4% fall compared to 1,852 homes sold in November 2018.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng rose 0.13% to 27,906.41, and the Nikkei 225 was up 0.02% to 23,821.11.
In Europe, around midday, the FTSE 100 was up 0.46% to 7,617.20, and the Euronext 100 climbed 0.07% to 1,153.34.
On the macro front
The durable goods orders report, the Chicago Fed National Activity Index and the new home sales report 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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Data Dispatch: 8 US REITs, 4 Canadian REITs increase dividends in November: The dividend hikes announced in November bring the publicly traded U.S. and Canada real estate company total to 104 increases year-to-date.
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