Midwest

Groch will primarily focus on opportunities to deploy capital in the company's merger and acquisition program and to allocate capital that will be invested by its real estate investments businesses—functions he has overseen for the past 10 years.

However, Sightlines Report finds that aged buildings on campuses indicates even more capital is needed.

WeWork announced today that it has received the $6-billion investment from Softbank. A total of $5 billion is in the form of primary growth capital and the remaining $1 billion is in secondary capital, which will be used to fund share purchases from investors and employees.

While fundraising in value add and opportunistic funds was up last year, core and core-plus had dropped dramatically.

With this lease, that brings the total space occupied in the area to more than 500,000 square feet.

Survey says brokers also expect to be in the real estate business for the rest of their careers.

That is among the observations Goldman Sachs' Joe Gorin has about the coming year.

CBRE's four offices in Richmond, Norfolk, Charlottesville and Fredericksburg will be rebranded as Colliers International.