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…
Luxury centre Bond Street has felt the impact of no tax-free shopping. UK luxury industry body Walpole has once again called on the government to reinstate a tax-free shopping scheme for international tourists following the UK’s departure from the European…
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…
How does a fund seeking to buy $200M worth of single-family houses in the Southeast and turn them into rentals deploy that much capital? One unsolicited text at a time. Investors are flooding the for-sale homebuyers market in Atlanta and the…
Courtesy of White Lodging The Austin Marriott Downtown, which White Lodging opened in 2021. White Lodging is moving forward with its plan to entirely offload its assets in suburban markets. The Indiana-based company, which owns, develops and manages hotels across…
A program funded by the construction industry is taking aim at its longstanding, pandemic-exacerbated labor shortage. BuildStrong Academy, a workforce development nonprofit funded by the construction industry, has rolled out plans to expand nationally, with a goal of training 1 million new trade workers…
Data center developer Flexential is planning to dramatically expand its data center footprint with new construction in the coming years, and it is kicking off the push with a big project in the Atlanta market. Courtesy of Flexential A rendering of the data center Flexential is building…
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