Richmond has experienced faster population growth than Northern Virginia since the start of the pandemic, and several employers and developers are seeing the migration trends as a reason to expand in the market. Bisnow/Chase Goff Hirschler Law’s Matthew Roberts moderates a panel with Crescent…
Jamestown sold Malibu Village for $81.5M, or about $1,600 per SF, to Stan Kroenke, according to The Real Deal, which cited an anonymous source. The deal represents a big discount from the $120M, or $2,300 per SF, Jamestown paid for the…
The Tice’s Corner Apple Store, in Woodcliff Lake, New Jersey, is one of the last remaining stores with Apple’s previous black storefront, Bloomberg reports. The store is due a makeover next year, updating it to match Apple’s other stores. Tech…
As utilities in major data center markets struggle to keep up with the industry’s energy consumption, data center developers are increasingly building far beyond the borders of the sector’s traditional hubs. The rapid growth of the data center sector in…
The researchers who last year predicted $500B in value would be wiped from office buildings nationwide because of remote work gave a chilling update for real estate investors this week: They underestimated the damage. Bisnow/Miriam Hall The view of Midtown from Brookfield’s One Manhattan…
While the national industrial vacancy rate sits at 3.9%, unstable economic conditions continue to worry lenders, investors and developers alike, causing a chain reaction of skepticism to spread throughout the sector. Because of this, demand has somewhat softened. However, it continues…
Besides making hybrid work schedules into the new reality for U.S. office properties, the coronavirus pandemic is helping spur the partial decentralization of the tech industry away from its traditional coastal cities, according to a new report by The Brookings…
The desks of yore are dying. For centuries, they were hulking pieces of furniture, a reflection of the needs of their owners to write letters, balance ledgers or intimidate subordinates. As technology permeated the modern workplace, they were crammed into increasingly shrinking cubicles…
Orlando-based SeaWorld Entertainment Inc. has made an unsolicited offer to buy theme park operator Cedar Fair for $3.4B, according to Bloomberg. If the deal goes through between the two publicly traded companies, SeaWorld could add 13 theme parks and thousands of acres…
Starwood Real Estate Income Trust and Morningstar Properties have formed a joint venture to invest in the “resilient” self-storage sector, according to a Tuesday release. The new entity will recapitalize 25 self-storage assets already owned by Morningstar funds and invest in additional assets to be operated under the…
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