Bisnow

Icon, an Austin-based company specializing in 3D-printed real estate, has reached a $1.4B valuation following its latest funding round, led by a giant of Wall Street. BlackRock and Scotland-based investment firm Baillie Gifford co-led a $200M Series D funding round for Icon, according to a release. That brings the company’s total funding to $700M at a $1.4B valuation, CNBC reported.

After investing in Philly's shipbuilding industry this summer, JPMorgan Chase is now growing its office presence in the city. The financial giant signed a deal to move its Philadelphia office to 62K SF on the fifth floor of 2400 Market St., where it plans to add more than 150 new jobs in the coming years, JPMorgan announced Tuesday. JPMorgan plans to relocate employees from One Liberty Place, where it occupies 33K SF, and 1735 Market St., where it has about 10K SF, a spokesperson told Bisnow.

Logistics Property Co. closed on a fully leased, value-add industrial property in suburban Romeoville. The company scooped up the 716K SF property at 1401 Normantown Road for about $58M, according to property records. The acquisition is the first within Logistics Property Co.'s recently created value-add real estate venture.

Dutch State Secretary for Climate and Green Growth Jo-Annes de Bat couldn't have been clearer. "Hardly a day goes by without new reports of projects that cannot go ahead because of grid congestion," he wrote in the biannual progress update on the National Grid Congestion Action Programme, sent to parliament on Oct. 5. "Waiting lists are enormous, and grid congestion has become a household term." For the commercial real estate sector, the lack of grid capacity is stalling growth and costing money.

Data center provider AirTrunk is reportedly delaying a planned initial public offering, the latest in a string of firms tied to the industry that have paused or canceled plans for public listings. The Australian data center firm had intended to begin testing the waters with investors this month for the $1.5B IPO of its Singapore REIT.

JLL hired a six-person team responsible for major office and life sciences deals in Chicago away from CBRE in a significant personnel shake-up at the top of the rival brokerages. JLL brought on CBRE stalwarts Kyle Kamin, Dan Lyne, Jon Milonas, Brandon Green, Abigail McFadyen and Joe Davis, effective immediately. Combined, they worked at CBRE for more than 75 years, according to their LinkedIn profiles.

A pair of major shareholders have this month come out against the planned $4.8B deal to break up H&R REIT. Management at RBC Global Asset Management, which holds 9.3 million units in H&R, told Bloomberg earlier this month that the firm plans to vote against the deal. The disclosure came a day after leadership at Mill Pond Capital, which has 2.2 million units, also said it would vote to reject the transaction.

Battersea Power Station Development Company has secured a £280M refinancing loan to support development of the remaining 16 acres of the 42-acre riverside megascheme. Secured from CIMB, OCBC, Maybank and Standard Chartered, long-term lenders to the project, the announcement follows the recent submission of a revised master plan designed by architect Studio Egret West for the remaining undeveloped land at Battersea Power Station.

BISWIRE/Oct. 13, 2026 — Bridge Logistics Properties (“BLP”), a subsidiary of Bridge Investment Group Holdings LLC (together with its affiliates, “Bridge”), has acquired 12903 Lakeland Road, a 21.3-acre best-in-class truck terminal in Santa Fe Springs, California, in a fully off-market transaction. The property is fully leased to XPO, Inc.

Microsoft says JLL should be on the hook after a forklift accident during the build-out of the tech giant’s Flatiron offices in 2023 allegedly left a construction worker with serious injuries. Microsoft filed suit against the brokerage Friday in New York County Supreme Court, alleging that JLL — which was overseeing the build-out of the 150K SF office block at 122 Fifth Ave. — is refusing to cover legal costs incurred because of the accident.