Matt Wasielewski

5 days ago | ourcommunitynow.com | Matt Wasielewski

Share JLL is planning to terminate 384 employees on either side of the U.S., with some, if not all, of the layoffs coming from the loss of an Amazon contract. The Chicago-based real estate services giant is planning to cut 298 staff members across four facilities in California and another 86 in Orlando, Florida, according to workforce adjustment notices it filed this week.

6 days ago | bisnow.com | Matt Wasielewski

JLL is planning to terminate 384 employees on either side of the U.S., with some, if not all, of the layoffs coming from the loss of an Amazon contract. The layoffs in Orlando, Florida, include maintenance and robotics technicians at an Amazon warehouse. The Chicago-based real estate services giant is planning to cut 298 staff members across four facilities in California and another 86 in Orlando, Florida, according to workforce adjustment notices it filed this week.

1 week ago | bisnow.com | Matt Wasielewski

Blackstone’s transaction activity dipped in the first quarter as President Donald Trump’s trade war has lowered the temperature across U.S. capital markets just as things were beginning to thaw. Blackstone CEO Stephen Schwarzman said tariffs were 'supportive of real estate values' on the firm's first-quarter earnings call. The firm’s first-quarter realizations, or profit-generating trades, for its real estate business fell 65% compared to last year to just $4.3B.

1 week ago | bisnow.com | Matt Wasielewski

Prologis has cut its expected spending on developing and stabilizing new projects, revising its uppermost projection for such investments by more than $1B. The company also experienced a leasing slowdown it blames on tenant hesitation stemming from economic uncertainty. The company turned in strong earnings for the first quarter, but executives in an earnings call Wednesday signaled that the ongoing trade war is dampening growth plans for the remainder of the year.

1 week ago | bisnow.com | Matt Wasielewski

A Trump family ally and investment banker was appointed to the Fannie Mae board on Monday. Omeed Malik, the founder of investment firm 1789 Capital — where Donald Trump Jr. works — was added to the board by Federal Housing Finance Agency head Bill Pulte, he announced in a post to social media platform X. “Under President Trump, housing will enter its Golden Age. To have the best and brightest, Omeed Malik will be joining the Board of Fannie Mae, effectively immediately!” Pulte said.