A joint venture between Stockbridge and the National Pension Service of Korea has purchased a massive 14.3-million-sq.-ft. of industrial assets in a $2 billion deal, reports the Los Angeles Times. The pandemic is putting major strain on property management companies, according to Bisnow. These are among today’s must reads from around the commercial real estate industry.
Cinemas Join the Internet Makeover of American Cities: Conor Sen
Going to a movie will become a big deal akin to going to a sports game or a concert.
Goldman Plots Florida Base for Asset Management in a Blow to New York
Manhattan now has the most office space available since the aftermath of the Sept. 11 attacks.
REITs are Seeing Plenty of “Green” in Bond Market
Green bonds tie into growing emphasis on corporate sustainability and ESG mandates.
CRE Pros Laud Biden’s Proposed Changes to Opportunity Zone Program
Biden and his team contend that the program has fallen short of its promise of bolstering communities of color, small businesses and homeowners.
Eight Must Reads for the CRE Industry Today (Dec. 5, 2020)
Current and former tenants of 30 buildings that were formerly owned by the Trump family have filed a lawsuit that seeks to recoup extra rent paid and triple damages, reports the New York Times. Houston office brokers are concerned about what the Biden administration might mean for the city’s energy sector tenants, according to Bisnow. These are among today’s must reads from around the commercial real estate industry.
Citi CEO Says Long-Term Productivity May Suffer with Remote Work
“Well, if I worked seven days a week, 15 to 16 hours a day and I don’t take any holidays, at least for a period of time I’m going to be more productive.”
10 Must Reads for the CRE Industry (Dec. 4, 2020)
Blackstone and Colony Capital are taking advantage of the strong demand for industrial properties with new transactions, reports GlobeSt.com. Hotels are looking to air filtration and treatment systems to market their COVID-19 safety, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.
KKR Nears $800 Million Warehouse Deal with E-Commerce Booming
The portfolio transaction would include roughly 100 properties in markets including Atlanta, Chicago, Dallas and Baltimore.
10 Must Reads for the CRE Industry Today (Dec. 3, 2020)
The FTC is filing a complaint against CoStar’s planned acquisition of RentPath, reports Commercial Observer. The Real Estate Roundtable published its most recent economic sentiment index, which found optimism growing among industry executives. These are among today’s must reads from around the commercial real estate industry.