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Cost overruns, delays plague development, but tech can help: Procore

Steve McLean Commercial Development National Aug. 17 2021

Most construction projects are delivered late and significantly over budget compared to the owners’ original plan, according to a new U.S. and Canadian survey. Procore Technologies, Inc., a California-headquartered provider of construction management software, commissioned the survey by market intelligence

Blackstone to acquire WPT Industrial in US$3.1B deal

RENX Staff Commercial Transactions International Aug. 9 2021

Blackstone REIT has an agreement to acquire Toronto-based WPT Industrial Real Estate Investment Trust (WIR.U-T) in an all-cash transaction which values WPT at $3.1 billion (all figures US), including the assumption of debt, the companies announced Monday morning. The proposed

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