EQT Exeter Real Estate Income Trust (EQRT) has completed the acquisition of a prime industrial site in Torrance, California, for $51.5 million. The 76,007 square-foot facility is situated on a 9.6-acre plot within the highly sought-after South Bay submarket of Los Angeles. Currently fully leased to a Fortune 50 food and beverage giant, the property serves as a vital link for regional and last-mile distribution.
Deyaar Development PJSC has officially started construction on DWTN Residences, a significant new high-rise project in Dubai. The developer held a groundbreaking ceremony to mark the start of the flagship tower. The building will provide 522 residential units including apartments, duplexes and penthouses. A unique Royal Palace will sit at the top of the structure. The project focuses on creating a vertical community with extensive amenities.
Dale Stigamier has formally taken over as the executive leader of LCK as the project management firm prepares for its next phase of expansion across the Southeast. The transition comes as Mickey Layden steps down from her role as Chief Executive Officer after leading the company for 32 years. Layden will now serve as Founder and Chair Emeritus where she will focus on business development and community engagement.
The Blau & Berg Company has announced a series of significant leadership changes as the firm prepares for its upcoming centennial. Kenneth Crimmins will move into the role of sole Chairman to focus on high-level governance and the firm's family-run legacy. Jason Crimmins has been named the new Chief Executive Officer while Alessandro Conte takes over as President. These appointments became effective on 1 January 2026 and are designed to drive growth across the industrial and commercial sectors.
An institutional buyer has secured a major logistics hub in North Las Vegas as JLL Capital Markets oversaw the sale of a DHL distribution centre. The facility spans 339,257 square feet and represents a high-quality Class A industrial asset. Located at 3950 Alto Avenue, the site is fully occupied by DHL Supply Chain (USA) and serves as a vital link for deliveries across the Western United States.
Global investment firm KKR has completed the acquisition of the Cheongna Logistics Center in Incheon, South Korea. The deal represents the largest single asset logistics transaction in the country to date. Working alongside local asset manager Kreate, KKR acquired the 4.6 million square foot facility to capitalise on the growing demand for modern warehousing. The site is currently fully occupied and serves as a vital link in the Greater Seoul metropolitan area supply chain.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
