Lument Launches Affordable Housing Group

NEW YORK CITY — New York City-based Lument has launched an investment sales and advisory group dedicated to affordable housing. Cliff McDaniel will head the initiative and serve as senior managing director. McDaniel’s team includes managing directors Derek DeHay and Chris Bergmann. They will join Timothy Bracken, also a managing director, who moved to Lument earlier in 2021, as founding members of the group. Lument is a commercial real estate finance company comprised of legacy firms Hunt …

September 16, 2021Company News, Lument, New York, Northeast

Amazon to Hire 125,000 Employees for Local Opportunities Across the U.S.

SEATTLE — Amazon (NASDAQ: AMZN) will add 125,000 local employment opportunities through the United States, on top on the 40,000 corporate and technology positions the company announced in early September.The new roles in fulfillment and transportation offer an average starting wage of more than $18 per hour, and up to $22.50 per hour in some locations. Additionally, the company provides full-time employees with comprehensive benefits from day one, including health, vision and dental …

September 15, 2021Company News, Retail, Washington, Western

Amazon to Open New Delivery Stations, Career Center in Mid-Atlantic

SEATTLE — Amazon is expanding its presence in the Mid-Atlantic by opening several new delivery stations and a career center in Maryland and Virginia.The first facility set to open is a 72,000-square-foot delivery station located at 2100 Van Deman St. in Baltimore, Amazon’s first delivery station in Baltimore City. The e-commerce giant also plans to open a 194,000-square-foot facility at 7226 Preston Gateway Drive in Hanover, Md., which will be Amazon’s third delivery station in the …

September 7, 2021Company News, Development, Maryland, Retail, Southeast, Virginia

PIMCO to Acquire Office REIT Columbia Property Trust in $3.9B Deal

NEWPORT BEACH, CALIF. AND NEW YORK CITY — Pacific Investment Management Co. (PIMCO) has entered into a definitive agreement with Columbia Property Trust (NYSE: CXP) to acquire the New York City-based office REIT. Funds managed by PIMCO will acquire all of the outstanding shares of Columbia’s common stock in a deal valued at $3.9 billion, including debt.Columbia owns 15 office properties spanning more than 6 million square feet in the gateway markets of New York City, Boston, San …

September 7, 2021Acquisitions, California, Company News, New York, Northeast, Office, Top Stories, Western

Walmart to Hire 20,000 New Supply Chain Employees Following Revenue Growth in Fiscal Second Quarter 2021

BENTONVILLE, ARK. — Walmart Inc. plans to hire 20,000 more supply chain employees in order to keep up with the retailer’s recent growth. Walmart released a statement a few weeks ago saying that the company saw an increase in revenue by 2.4 percent year-over-year in its fiscal second quarter of 2021, which ended on July 31.The new employees will be hired across more than 250 Walmart and Sam’s Club distribution centers, fulfillment centers and transportation offices. The Bentonville, …

September 2, 2021Arkansas, Company News, Retail, Southeast

Whitebox Real Estate Opens New Office in West Houston

HOUSTON — Whitebox Real Estate, a Dallas-based advisory and development firm, has opened a new office at 5847 San Felipe St. in West Houston. In its decision to expand to Houston, Whitebox president and managing director Grant Pruitt cited the healthy volume of businesses relocating to Houston from California, Illinois and New York as a key factor. Industry veteran and Houston native Andrew Brod will lead the new office as managing

September 2, 2021Company News, Texas

CarMax to Open Technology Innovation Center, Auction Facility in Dallas Area

PLANO AND HUTCHINS, TEXAS — CarMax Inc. (NYSE: KMX) will open a new technology innovation center at Granite Park in the northern Dallas suburb of Plano, a move that is expected to create about 200 new jobs. The square footage and expected opening date of the center were not disclosed. In addition, the Richmond-based used vehicle retailer will open an 11-acre auction facility in Hutchins, located south of Dallas. CarMax expects to hire about 25 people at the auction house and to begin hosting …

September 1, 2021Company News, Texas

Walker & Dunlop Bolsters Affordable Housing Business with $696M Acquisition of Alliant Capital, Affiliates

BETHESDA, MD. AND WOODLAND HILLS, CALIF. — Walker & Dunlop (NYSE: WD) has entered into a definitive agreement to acquire Alliant Capital Ltd., a privately held affordable housing asset management firm based in Woodland Hills. Under the terms of the purchase agreement, Walker & Dunlop will acquire Alliant and its affiliates, Alliant Strategic Investments and ADC Communities, at a total value of $696 million.Alliant is the sixth-largest syndicator of low-income housing tax credits (LIHTC) …

August 31, 2021Acquisitions, Affordable Housing, California, Company News, Maryland, Multifamily, Southeast, Top Stories, Walker & Dunlop, Western

Project Management Advisors Expands to New York City, Opens Office in Empire State Building

NEW YORK CITY — Chicago-based real estate consulting firm Project Management Advisors Inc. (PMA) has signed a lease for approximately 5,000 square feet in the Empire State Building. The new office — the company’s seventh across the country — will bring together PMA’s existing New York staff and the team from LPE Management Services, which PMA recently acquired. The office is scheduled to before the end of the

August 26, 2021Company News, Leasing Activity, New York, Northeast, Office

Toys ‘R’ Us to Open 400 Stores Within Existing Macy’s Locations in 2022

NEW YORK CITY — WHP Global, the parent company of Toys ‘R’ Us, has entered into an agreement with Macy’s (NYSE: M) to open more than 400 toy stores within the department store chain’s existing locations across the country in 2022. In addition to physical merchandise, the new stores will feature interactive experiences and activation centers to enhance the experience for both children and parents. The Wayne, New Jersey-based toy retailer originally announced its intent to close or sell …

August 24, 2021Company News, New Jersey, New York, Northeast, Retail