A new nontraded multifamily REIT was born this week as part of a $617M recapitalization of more than 60 properties, including an under-construction apartment tower in Manhattan.
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Cracker Barrel Old Country Store Inc. sold an underperforming asset and entered into a sale-leaseback deal to bolster its finances and increase future profitability.
Brookfield Asset Management purchased a 49% stake in a $2.1B medical office portfolio. Brookfield contributed more than $1B to form the joint venture with Healthpeak Properties, a Denver-based healthcare REIT. Healthpeak is contributing an 86-property,...
Los Angeles is once again the outlier in the national office recovery. While vacancy tightened in more than half of major U.S. markets in Q2, LA’s rate climbed to 25.8%, driven by steep emptying in Downtown and Hollywood even as Century City pulls...
The number of roles tied to artificial intelligence is picking up in the Chicago market, with companies’ bets on new hires potentially bolstering the city’s office market in the coming years. Hiring momentum for AI-related roles has picked up in...
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