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Commercial Development Confidence Drops Sharply
Despite near-term concerns, the Q2 2020 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index shows the commercial construction industry is poised for recovery.
Construction Slump Likely to Linger
The American Institute of Architects’ monthly Architecture Billings Index indicates that activity has yet to rebound from its pandemic-induced decline.
Office Occupancy Varies Widely as Workers Trickle Back: Report
The return is gradual and differs dramatically among major metros, according to an analysis of building access data by Kastle Systems International.
Vornado Seeking Recap for 2 Trophy Towers
The Trump Organization owns a minority stake in 1290 Avenue of the Americas in Manhattan and 555 California Street in San Francisco.
Life Sciences Real Estate Thrives Amid Pandemic
Newmark Knight Frank’s new report concludes that the life sciences sector is recession-resilient.
SL Green Lands $510M Loan for NYC Office Tower
The REIT obtained mortgage financing secured by the trophy asset at 220 E. 42nd St., known as The News Building, and utilized the proceeds to repay its revolving credit facility.
Lowe Adds National Retail Redevelopment Platform
Retail industry veteran Joel Mayer has joined the company as executive vice president to lead Retail reVision, which will focus on repositioning and redeveloping underperforming assets.
Industry Leader William Millichap Dies at 76
The real estate innovator had served as co-chairman of Marcus & Millichap since 2000.
Top 5 Markets for Office Construction Activity
Here’s a breakdown of the nation’s best-performing metros for development activity as a percentage of existing stock.
Crow Holdings Pockets $164M for Central New Jersey Warehouse
The sale of a new 925,000-square-foot facility in Franklin Township marks one of the nation’s largest single-asset industrial trades during the pandemic.