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Net Lease Transactions Plunge in Q2, Cap Rates Hold Steady: Report
Only dollar stores and pharmacies escaped a drop in sales volume, according to Avison Young.
Office Leasing to Recover by 2025, Cushman & Wakefield Report Predicts
The study expects office sector recovery to be slow, but employment will eventually help spur improvements in absorption, vacancy and rental rates.
Colony Capital to Sell $2.8B Hospitality Portfolios
Highgate Hotels will take over 197 properties totaling 22,676 keys in one of the sector’s largest deals since the start of the pandemic.
Major NYC Project in Limbo After Rezoning Is Scuttled
Political pressure prompted Industry City’s developers to withdraw the 1 million-square-foot plan, but some local leaders remain hopeful that the Brooklyn waterfront project will eventually move forward.
CPE’s Coronavirus Coverage
Check out our latest news updates, features and expert advice on the coronavirus outbreak and its effects on commercial real estate.
PGIM Real Estate Adds $700M Industrial Portfolio
Acquired through a recapitalization with the existing ownership, the national portfolio includes 30 buildings totaling 5.4 million square feet across five key markets.
Padres, Tishman Speyer JV Tapped for $1.4B San Diego Redevelopment
The development team could break ground on the 2 million-square-foot project as early as 2023.
Amazon Buys Northern Virginia Hotel for HQ2 Phase Two
An Amazon subsidiary purchased a Pentagon City, Va., hotel from Blackstone Group for $148.5 million, clearing the way for the e-commerce giant’s second U.S. headquarters.
Blackstone Closes Record $8B Credit Fund
Blackstone Real Estate Debt Strategies IV, which will lend flexible capital around the world, launched in 2019, three years after the predecessor fund closed with $4.8 billion in commitments.
Somerville’s 1st Life Sciences Building Tops Out
The nine-story, 290,000-square-foot property in the Boston suburb, part of a three-phase project, is expected to reach completion next summer.