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Commercial Property Executive is the leading integrated news resource for executives and companies that own, invest in, develop, lease and/or manage commercial real estate.
External link for Commercial Property Executive
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🌟 In Case You Missed It: A Top Story of the Week Office visits continue to creep back to pre-pandemic levels, according to Placer.ai, which reported that nationally, visits in June were down only 29.4 percent compared to June 2019: https://lnkd.in/eTSFmpid
🌟 In Case You Missed It: The Top Story of the Week Worthe Real Estate Group, QuadReal Property Group and Stockbridge Capital LLC have repurchased The Burbank Studios, a 685,000-square-foot studio and office campus in Burbank, Calif. Warner Bros. Discovery sold the 27-acre property for $375 million, or approximately $547 per square foot, public records show: https://lnkd.in/gVGUdSfn
Davis has raised $877.1 million into Davis Investment Ventures Fund V—the largest fund in company history—organized it says to capitalize on widespread real estate asset repricing and market dislocation across asset classes: https://lnkd.in/e6XVeCsy
Plus, the latest predictions on interest rate cuts and the impact of the presidential election on CRE, according to Avison Young. https://lnkd.in/eS-rTWsy
General contractor Skender has topped out 919 West Fulton, a 409,000-square-foot office building in Chicago, on behalf of Fulton Street Companies. Completion is anticipated next year: https://lnkd.in/e4HKTkSP
There's much to look forward to, says our panel of industry leaders: https://lnkd.in/e3jTsCWj
KKR has acquired Park 8Ninety, a 12-building industrial logistics park in southwest Houston, from Artis Real Estate Investment Trust for $234 million: https://lnkd.in/e99kx8GE
It’s clear that new rules for how banks build their balances are coming. But we don’t know when they will come or how substantial the changes will be: https://lnkd.in/e9nvGeWC
Silverstein Properties has signed two new leasing agreements at 1177 Avenue of the Americas, a 47-story, 1 million-square-foot trophy tower in Midtown Manhattan’s Plaza District: https://lnkd.in/eu3SsqYU