Northeast

Buildings that previously housed banks tend to be popular as they already have secure structures that comply with the cannabis industry's unique security provisions.

"Construction projects always have a 'time for completion' component and many contractual provisions may certainly come into play in any construction project which is affected by labor shortages from the coronavirus."

The deal for the 350-acre campus also features a sale-leaseback component with Deerfield, IL-based Caterpillar Inc. The construction equipment manufacturer plans to keep approximately 500 of the company's employees on site and will lease back an office building along with a portion of adjacent industrial space.

Bow Street, a New York City-based investment firm that owns approximately 4.5% of the outstanding shares of common stock of Mack-Cali Realty Corp., is also calling for the election of four additional new directors to the Mack-Cali Board of Directors.

The deal with SB One Bancorp, the parent of Paramus, NJ-based SB One Bank, would broaden Provident's operations in both New Jersey and New York State. The combined organization will have approximately $12 billion in assets and will rank as the third largest bank headquartered in New Jersey.

Savills has acquired Macro Consultants, a project management firm that oversees capital projects, including relocations, expansions and modernizations nationally. The acquisition bulks up Savills existing advisory and management platform to offer leaner services to its clients.

As the retail sector continues to evolve, brokers are stepping in as problem solvers to guide owners to the new normal.

Dealpath received a strategic investment from Blackstone, and the partnership provides Dealpath with industry experience and expertise from Blackstone's real estate and innovations teams.