Commercial real estate
* The Arlington County Board approved the zoning changes and permits for Amazon.com Inc.'s second headquarters construction in Arlington, Va., the Washington Business Journal reported. The project will span a total 2.1 million square feet, including more than 69,500 square feet of ground-floor retail and an underground parking garage for two buildings on a site Amazon will purchase from JBG Smith Properties.
The approval makes way for two 22-story mixed-use towers on a site that has a warehouse.
* Connor Group paid $110.2 million to acquire the 350-unit Edge apartment project on the Beltline Eastside Trail in Atlanta in the city's biggest apartment sale in 2019 based on per-unit price, the Atlanta Business Chronicle reported, citing Databank Inc. The property was acquired from a joint venture of Carlyle Group LP and North American Properties Inc. for $315,000 per unit.
The transaction does not include the retail space within the development, according to the report.
* Food industry service firm Zume Inc. is planning to lease Houston-based Hines' entire 1,044,647-square-foot warehouse and distribution center at 9155 Southlink Drive in southern Dallas, The Dallas Morning News reported, citing a public filing. Zume also plans to spend $14.9 million on tenant improvements and $235.5 million on furniture/fixtures and equipment at the facility.
* French logistics company Geodis leased Hillwood's 672,775-square-foot Building B warehouse at 1401 Chalk Hill Road in the 199-acre Commerce 30 logistics park in Dallas, the Dallas Business Journal reported, citing a source close to the deal. The tenant plans to spend $12 million to install an automated conveyor system and platforms, the publication added.
* Marriott Vacations Worldwide Corp. is close to finalizing a 300,000-square-foot lease deal to move its headquarters to Unicorp National Developments Inc.'s $1 billion O-Town West mixed-use project on Orlando, Fla., the Orlando Business Journal reported. The project is expected to break ground in early 2020, the publication noted.
* Holland Residential Group purchased a 16-building, 332-unit apartment complex at 10305 Dover St. in Westminster, Colo., for about $81.3 million from Pacific Urban Residential, the Denver Business Journal reported, citing confirmation from Holland Partner Group's Scott Vanderhoff. The property is 93% to 96% leased, the report noted, citing Vanderhoff.
* All-cash deals for apartments in Manhattan, N.Y., dropped to their lowest since at least 2015, Bloomberg News reported, citing Miller Samuel Inc. and Douglas Elliman Real Estate. The percentage of cash used to finance apartments in the borough is dropping over time, with mortgages becoming increasingly popular. The percentage of all-cash home sales with a price of $5 million or more dropped to 44% in the third quarter, down from 80% a year ago, the news outlet reported, citing Miller Samuel and Douglas Elliman.
* London-based co-living firm The Collective is developing a 224-unit, 100,000-square-foot project at 292 N. 8th St. in the Williamsburg neighborhood in Brooklyn, N.Y., The Real Deal reported. The project, expected to cost $150 million, is the company's sixth in the U.S. and fourth in New York City.
After the bell
* Broadstone Net Lease Inc. aims to conduct an IPO of an undisclosed number of its common shares in 2020, subject to market conditions and other factors.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng rose 1.22% to 27,843.71, and the Nikkei 225 rose 0.47% to 24,066.12.
In Europe, around midday, the FTSE 100 was down 0.21% to 7,503.42, and the Euronext 100 was down 0.38% to 1,141.94.
On the macro front
The housing starts report, the Redbook, the industrial production report and the Labor Department's JOLTS 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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