Northeast

In charge of construction is Mack-Cali Realty Corp. Wayne Kasbar, managing director of Colliers International, brokered the deal at 8 Campus Drive, which is a LEED-Silver building that totals 215,265 square feet.

WeWork's fall has brought reflection to stakeholders across the property technology industry, which is now heightened as founders of the co-working firm aim to buy themselves back or find a new investor.

The asset class is more protected against downturns than any other asset class, making it the safest investment as the cycle matures.

Gen Z workers are competitive, independent and drawn to private workspaces rather than the open office layouts that have recently grown in popularity, and value in-person communication via breakout rooms.

The REIT also recently acquired a 169-unit active adult rental property in Plano, Texas for $50.3 million.

The Local Wetlands Ordinance gives the city greater authority to protect its wetlands and directs the Boston Conservation Commission to consider future climate impacts like rising sea levels in applications for new developments, construction, or special events.

The transaction was priced at a 6.3% going-in cash capitalization rate.

Developers are transforming traditional brick-and-mortar retail locations into successful lifestyle destinations.