Montauk Innovations LLC, which received incentives for a prospective $600 million data center in New Albany, Ohio, bought more than 200 acres of land in the area.
The New York Times looks at why many cities are afraid of becoming the next San Francisco, New York or Seattle. JCPenney stock dropped below $1.00 per share for the first time this week, reports Business Insider. These are among today’s must reads from around the commercial real estate industry.