Industry News
Commercial Real Estate
Top stories summarized by our editors
12/2/2021

With industrial space growing more scarce amid high demand, tenants are taking a variety of steps to make sure they have access to adequate facilities, such as being more flexible about building type, renewing leases ahead of schedule and pre-leasing new space even if they don't need it right away. Prologis reports that the national vacancy rate dropped to a record low of 3.9% in the third quarter.

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WealthManagement
12/2/2021

Apollo Global Management is acquiring Griffin Capital's US wealth-distribution and asset-management business units for an undisclosed price. The deal could help Apollo reach individual investors in the mass affluent segment.

12/2/2021

This article discusses the opportunity that REITs provide for investors to gain exposure to real estate assets and reviews issues involving taxes, dividends and retirement accounts.

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CNBC
12/2/2021

Filings with the Securities and Exchange Commission suggest that Alexandria Real Estate Equities is in discussion to sell stakes in three life science buildings in the Mission Bay area of San Francisco for a total of $399.25 million.

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The Real Deal
12/2/2021

Lineage Logistics plans to develop a 200,000-square-foot facility in Windsor, Colo., in the area's Great Western industrial Park. The development could add 100 new jobs to the area.

12/2/2021

CBL Properties is focusing on applying a suburban town center strategy at its malls, attracting a broad range of tenants and allowing for a variety of property uses. An example is Tennessee's Hamilton Place mall, which features an Aloft Hotel, a Dave & Buster's entertainment complex and the potential for office space on a former Sears site. "I see a bright future for the company and for the properties," CEO Stephen Lebovitz says.

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Sears, Stephen Lebovitz
12/2/2021

Terreno Realty acquired a Hyattsville, Md., industrial property in an $8 million transaction. The industrial property is close to Washington, D.C., and is leased to two tenants.

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Terreno Realty
12/2/2021

The holiday season is offering some positive signs for New York City so far, with some retailers reporting foot traffic and sales are up from pre-pandemic levels. Meanwhile, occupancy at the city's hotels climbed to 79% during Thanksgiving weekend, down from 2019 but well above 2020's tally of 38%.

12/2/2021

A ceremony this week celebrated the completion of the country's largest rooftop community solar project on a STAG Industrial warehouse in Carroll County, Md. The project could ultimately offer energy savings for 1,300 residential and small commercial customers.

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Solar Power World
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STAG Industrial
12/1/2021

Sixty-five percent of retirement specialist advisors predict environmental, social and governance-focused products will feature more prominently in defined-contribution plans in the years ahead, according to a survey from Cerulli Associates. The survey also found 67% of advisors say they expect ESG interest to benefit their business.

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PlanSponsor