John Sheputis

In a shocking turn of events that neither the polls nor financial markets predicted, Donald Trump will become the 45th president of the United States of America after defeating Democrat Hillary Clinton. His path to victory was an unprecedented one, grabbing crucial battleground states like Florida and Ohio before breaking through the “blue wall” of typically Democratic-leaning states such as Wisconsin, Pennsylvania and Michigan that were imperative for Clinton’s success.

RXR Realty just got some impressive talent to oversee its $3B pipeline. Former Forest City Ratner Cos president/COO Joannie Minieri (left, with Muriel Siebert) will serve as the EVP and COO of RXR’s 100-plus-person construction and development arm. Joannie will be overseeing the firm’s $360M renovation of 75 Rockefeller Plaza, the $350M renovation and expansion of Pier 57 and the $115M office conversion of 47 Hall St in Brooklyn, the Commercial Observer reports.

Extremely tight industrial vacancy in San Diego has triggered a boom in spec development. Industrial vacancy was just 4.4% in Q3 2016, down from 5.2% year-over-year and 48 basis points lower than the previous quarter, while the overall average asking rental rate remained at $1.02/SF for the second consecutive quarter, according to a new report from Colliers International. As a result, new construction project completions in 2016 alone will outpace the previous six years combined.