Logistics developer and investor First Industrial announced on Thursday that Michael W. Brennan has stepped down with immediate effect as the company's President and Chief Executive and as a member of the company's board. First Industrial added that it has set up a committee to conduct the search for a new CEO. Until then, Ed Tyler, a member of the board, will serve as interim Chief Executive.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
