J.P. Morgan Global Real Estate Daily News and Research Summary

This daily note compiles real estate news and transactions across the Americas and EMEA. In the US, the Project Triboro data center developer, including REIT Broadstone, offered Olyphant Borough, Pennsylvania a $101 million community benefit agreement over 15 years in exchange for withdrawing its lawsuit, with a council vote set for Nov. 5. Nuveen Real Estate acquired a 13-property, 1.89 million sf retail portfolio in California, Colorado and Washington for $445.5 million at 93.5% occupancy. NorthBay Health completed a roughly $250 million sale-leaseback of 11 medical properties totaling about 391,500 sf with HealthCore Foundation. Brightshore Capital bought a newly built 190-unit Long Island City apartment complex for $143 million, TruAmerica Multifamily acquired the 446-unit Bricks at Perimeter Center in Dunwoody, Georgia for $120.5 million, and LaSalle Investment Management purchased a 734,000 sf Glendale, Arizona industrial building for $109.5 million. Prometheus leased 180,000 sf