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CPE’s August 2020 Must-Reads
Catch up on our most important stories, interviews, rankings and analyses from last month.
Top 5 Markets for Office Construction Activity
More than 145 million square feet was under construction across the U.S. as of June. Here are the top-performing metros for development, based on Yardi Matrix data.
The September Digital Issue of CPE Is Now Available!
Now you can get trend and strategy insights two different ways: Leaf through the Commercial Property Executive digital digest for a quick read or click on individual articles below for an in-depth look at the topics that most interest you.
Pinterest Walks Away From Massive San Francisco Pre-Lease
Terminating the deal for the 490,000-square-foot SoMa space brings a $90 million cancellation fee but gives the company freedom to pursue a more distributed workforce post-pandemic.
Data Center Real Estate Propelled by Remote Work: CBRE
The 10 most active data center markets in North America all recorded positive net absorption in the first six months of 2020, while showing other signs of pandemic resilience.
Rizk Ventures Launches Self Storage Platform
SpareBox Storage has made its first purchase and secured an acquisition facility of as much as $500 million through JPMorgan Chase Bank.
Lord & Taylor: The End of an Era
In shuttering all its remaining locations, the two-century-old company joins a growing list of retailers that have had to permanently close their doors since the beginning of the pandemic.
PGIM Real Estate Acquires $425M Industrial Portfolio
The investment manager purchased the 4.7 million-square-foot collection of properties in one of the largest U.S. portfolio transactions since the onset of the pandemic.
JV Sells Boston Office, Lab Complex for $330M
Newmark Knight Frank represented sellers Marcus Partners and The Davis Cos. and procured the buyer of the property, which includes the potential for additional life sciences development.
Goldman Sachs Invests in Last-Mile Specialist
Elion Partners is the recipient of a strategic investment from the firm’s Vintage Real Estate Partners II fund for a vehicle that largely focuses on logistics assets.